Hormel Foods Corp (HRL)

This owns about 30 brands including Skippy peanut butter. They are getting into the healthier food. It came on his radar screen because of its really long ascent, a very low volatile name. It was up about 500% for about 10 years and the dividend rose 300%. Then it had a big pull back of about 25%. They reported and actually beat earnings 2 weeks ago. The street turned on them. Dividend yield of 1.68%.

Spam and peanut butter manufacturer. A great company and has done a great job of executing, but it is expensive. Trading at nearly 24X.